Entry fees, subscription charges or other expenses in gaming cannot be reduced by income. Common exemption and deductions under section 80C and 80U also do not apply to it. That is, there is no discount or deduction on this income. According to experts, ‘Flat 30% tax is applied to winning of lottery, online games, or betting, there is no exception or deduction. Basic slab or exemption also does not apply, so it is very important to tell the income properly to the taxpayer.
